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111 S Flower Ave, Brea, CA, 92821

$6,750,000

0 Baths
Condo
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
Garage16 spaces
Year Built1980
MLS #OC24096565
Lot Size0.49 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 111 S Flower Ave

111 South Flower Avenue is an 18-unit multifamily investment property located in Brea, California. The property offers a diverse mix consisting of 5, studio units, 6, one-bedroom units, 6, two-bedroom units, and 1, three-bedroom unit. Residents enjoy the property’s amenities including ample garage and surface parking, an on-site laundry facility, and private patios (first-floor units). Current ownership has invested significant capital into unit and property improvements, and has stabilized the asset with in-place rents near market rental rates. Improvements include fresh paint, vinyl flooring, quartz countertops, shaker-style cabinetry, recessed lighting, and more. 111 South Flower Street is situated in an optimal Brea location, within walking distance of a plethora of retail, dining, and entertainment options at Brea Downtown, Brea Gateway, Brea Marketplace, and the Brea Mall. Furthermore, 111 South Flower Street benefits from its proximity, within 2.50 miles, to California State University Fullerton (CSUF), a major economic and housing driver for the area. Th property offers convenient access to Imperial Highway and State Route 57, connecting residents to regional employment hubs throughout Southern California. Given its optimal Brea location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued success at 111 South Flower Street.

Property Details

Property Features

Property Information:

  • Year Built: 1980
  • Stories: 2

Listing Office:

  • Office Name: Marcus & Millichap RE Invest
  • Office Phone: (714) 713-9086
  • Listing Agent: Tyler Leeson

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 16 spaces

Lot Features

Lot Information:

  • Lot Size: 0.49 Acres

School Info

Assigned Schools Information:

  • Brea-Olinda High School, Public District Grades 9-12
  • Brea Junior High School, Public District Grades 7-8
  • Laurel Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Cross Streets of South Flower Avenue & East Birch Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,750,000

Tax Information:

  • Annual Amount: $22,495
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Brea, CA.

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Brea, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$558

Avg. Days On Market

20

# of Sold Homes

27

111 S Flower Ave vs Brea

15 DAYS ON ROCKET

-5 Days

$6,750,000

+$5.7M More

KEY TAKEAWAY

This property is $5.7M more than the Median Sold Price in Brea, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24096565

Listing Office:

  • Office Name: Marcus & Millichap RE Invest
  • Office Phone: (714) 713-9086
  • Listing Agent: Tyler Leeson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 8:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 26, 2021Home Sold
$4,600,000

Tax History

YEARPROP. TAXASSESSMENT
2021$22,495$1,689,760
2020$22,328$1,672,434
2019$21,486$1,639,642
2018$21,486$1,607,493
2017$21,100$1,575,974

History based on county public records data.

Payment Calculator

$33.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$20.3K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3936163
6
/10

  • Laurel Elementary School

  • 200 S Flower Ave

  • 0.17 miles

  • Public District Grades KG-6

Middle School

school-card-donut-3936164
7
/10

  • Brea Junior High School

  • 400 N Brea Blvd

  • 0.50 miles

  • Public District Grades 7-8

High School

school-card-donut-3936165
8
/10

  • Brea-Olinda High School

  • 789 Wildcat Way

  • 1.56 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,673. Typical income of Brea, CA residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 111 S Flower Ave

What is the listing price of this property?

The listing price of 111 S Flower Ave property is $6,750,000.

What type of property is this?

The property 111 S Flower Ave is a condo located in Brea, California, 92821.

Is this property for sale now?

Accepting Backup Offers: 111 S Flower Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 111 S Flower Ave are:
Laurel Elementary School: GreatSchools Rating 6/10
Brea Junior High School: GreatSchools Rating 7/10
Brea-Olinda High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $22,495 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 26, 2021 for $4,600,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 111 S Flower Ave is 1980.
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Rocket Homes›California›Orange County›Brea›92821›111 S Flower Ave

This home is located at 111 S Flower Ave in Brea, CA and zip code 92821. This home, which was built in 1980, sits on a 0.49 acre lot. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $6,750,000.

Brea, CA housing market in April 2024 saw over 19 listings sold above listed price, more than 2 sold at listed price and over 6 sold below. In April 2024 median list price was $1,040,000 and the average listing age was 20 days.

From Rocket Homes Real Estate and based on county public records data.

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